Keppel Limited and ENGIE Energy Market Singapore (Engie) have signed a memorandum of understanding to undertake the development of “innovative energy solutions” for low-carbon energy systems.
The MOU was announced at the Asean-France Forum during Singapore International Energy Week organized by the EMA.
Keppel says that this partnership will tap on its expertise in power, decarbonisation and energy transition solutions, and ENGIE’s global expertise in integrated low-carbon energy systems.
The aim is to accelerate innovation and deliver scalable solutions that support Asia Pacific’s investment and adoption of sustainable energy, including in hard-to-abate sectors, the company notes.
Under the MOU, Keppel and Engie will focus on key themes such as optimising energy systems and price risk management, and advancing low-carbon and renewable solutions; expanding renewable power purchase agreements, storage and flexibility capabilities, and developing integrated and efficient energy solutions; and fostering innovation, market development, and policy collaboration to accelerate the energy transition.
Shares in Keppel closed 5 cents higher or 0.508% up at $9.89 on Oct 29.
